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Senate Bill S7484A

Signed By Governor

2011-2012 Legislative Session

Relates to payments in lieu of taxes made by certain entities for property located at 176 Rinaldi Boulevard, Poughkeepsie, New York

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Archive: Last Bill Status - Signed by Governor

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Bill Amendments

2011-S7484 - Details

See Assembly Version of this Bill:
A10732
Law Section:
Taxation

2011-S7484 - Summary

Relates to payments in lieu of taxes made by certain entities for property located at 176 Rinaldi Boulevard, Poughkeepsie, New York.

2011-S7484 - Sponsor Memo

2011-S7484 - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7484

                            I N  S E N A T E

                              May 25, 2012
                               ___________

Introduced  by  Sen.  SALAND -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations

AN ACT in relation to a certain agreement for a payment in lieu of taxes

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Notwithstanding  the  provisions  of  subdivision  (e) of
section 15 of the tax law, any payment in lieu of taxes made by a quali-
fied empire zone enterprise to the state, a municipal corporation, or  a
public  benefit corporation pursuant to its lease agreement for property
located at 176 Rinaldi Boulevard, Poughkeepsie, New York with a landlord
that is a party to a payment in lieu  of  taxes  agreement  between  the
landlord  and the state, municipal corporation, or public benefit corpo-
ration shall be deemed, for the purposes of subdivision (e)  of  section
15  of  the  tax law, to have been made pursuant to a payment in lieu of
taxes agreement with the state, municipal corporation, or public benefit
corporation. Such qualified empire zone enterprise shall be eligible  to
claim the real property tax credit provided by section 15 of the tax law
provided  that  for  each  of such periods, the landlord has not filed a
claim for the real property tax credit for  such  payments  nor  made  a
payment  in lieu of taxes to the state, municipal corporation, or public
benefit corporation pursuant to its agreement with the state,  municipal
corporation, or public benefit corporation for such payments.
  S 2. This act shall take effect immediately and shall apply to taxable
years beginning on and after January 1, 2008.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD16007-01-2

2011-S7484A (ACTIVE) - Details

See Assembly Version of this Bill:
A10732
Law Section:
Taxation

2011-S7484A (ACTIVE) - Summary

Relates to payments in lieu of taxes made by certain entities for property located at 176 Rinaldi Boulevard, Poughkeepsie, New York.

2011-S7484A (ACTIVE) - Sponsor Memo

2011-S7484A (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 7484--A

                            I N  S E N A T E

                              May 25, 2012
                               ___________

Introduced  by  Sen.  SALAND -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment  Operations  --  committee  discharged,  bill  amended,   ordered
  reprinted as amended and recommitted to said committee

AN ACT in relation to a certain agreement for a payment in lieu of taxes

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1.  Notwithstanding  the  provisions  of  subdivision  (e)  of
section 15 of the tax law, any payment in lieu of taxes made by a quali-
fied  empire zone enterprise to the state, a municipal corporation, or a
public benefit corporation pursuant to its lease agreement for  property
located at 176 Rinaldi Boulevard, Poughkeepsie, New York with a landlord
that  is  a  party  to  a payment in lieu of taxes agreement between the
landlord and the state, municipal corporation, or public benefit  corpo-
ration  shall  be deemed, for the purposes of subdivision (e) of section
15 of the tax law, to have been made pursuant to a payment  in  lieu  of
taxes agreement with the state, municipal corporation, or public benefit
corporation.  Such qualified empire zone enterprise shall be eligible to
claim the real property tax credit provided by section 15 of the tax law
provided that for each of such periods, the landlord  has  not  filed  a
claim  for  the  real  property  tax credit for such payments nor made a
payment in lieu of taxes to the state, municipal corporation, or  public
benefit  corporation pursuant to its agreement with the state, municipal
corporation, or public benefit corporation for such payments.   Notwith-
standing  any section of law to the contrary, such credit shall be based
upon the payments in lieu of taxes and employment of the tenant.
  S 2. This act shall take effect immediately and shall apply to taxable
years beginning on and after January 1, 2008.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD16007-02-2

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